Marathon Petroleum - Die letzten 30 Beiträge

[faultcode]

Wenn Du denkst es geht nicht mehr, kommt irgendwo ein Lichtlein her.

Heute Wells Fargo:

14.12.
Marathon Petroleum (NYSE:MPC) Upgraded to "Overweight" at Wells Fargo & Company
https://www.marketbeat.com/instant-alerts/nyse-mpc-a-buy-or-…
...
Marathon Petroleum (NYSE:MPC ...) was upgraded by investment analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research report issued on Thursday, Briefing.com reports.
The firm currently has a $169.00 price target on the oil and gas company's stock, up from their previous price target of $159.00.
Wells Fargo & Company's target price suggests a potential upside of 15.23% from the stock's current price.
..

[faultcode]

Antwort auf Beitrag Nr.: 74.263.830 von faultcode am 04.08.23 20:07:08

und wieder eines -- wie auch heute bei $PBF:




..und das obwohl der Crack spread ($CRACK321) zuletzt deutlich nachgab:


https://www.energystockchannel.com/quotes/?a=chart&ticker=$C…

[faultcode]

neues Allzeithoch:

[Optimax_23]

Hi, ich bin hier erst heute nach Recherche für Infrastruktur-Aktien mit Dividende auf dieses Unternehmen gestoßen.
Ist je echt top. Kürzlich wurde auch ein großes Aktienrückkaufprogramm bekannt gegeben.
Ich werde hier einsteigen, auch wenn die Aktie schon sehr gut gelaufen ist.
VG

[GreenLantern1]

Ist Marathon Petroleum jetzt gerade für euch ein Buy?? Jetzt wo die Aktie so steil hochgestiegen ist??

[faultcode]

...

...
https://ir.marathonpetroleum.com/investor/news-releases/news…

=>

[faultcode]

Antwort auf Beitrag Nr.: 72.815.156 von faultcode am 25.11.22 16:29:00

..und schon wieder:

[faultcode]

mal wieder ein neues Allzeit-Hoch:




=> hier stehen die Kunden offenbar mit Kanistern vor den Raffinerien, um ein bischen (Bio-)Diesel für quasi jeden Preis zu kaufen

[faultcode]

28.9.
BP's Ohio Refinery May Stay Shut Into 2023 After Deadly Fire
https://www.bnnbloomberg.ca/bp-s-ohio-refinery-may-stay-shut…
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Repairing and then restarting BP Plc’s fire damaged BP-Husky Toledo refinery in Ohio may not be completed until early 2023, people familiar with operations said.

U.S. safety inspectors are just beginning their inspection of the plant after a fire at its biggest crude unit Sept. 20 killed two BP employees, said the people, who asked to remain anonymous discussing internal matters. All contractors were sent home hours before the fire erupted at the 150,800 barrel-a-day refinery. BP workers are now onsite conducting cleanup and safety checks.

Any startup, whether in full or partially, would have to have the approval of safety inspectors, and may be done in phases.

“I have no direct knowledge of the damage but based on the seriousness of the incident, the two fatalities and the safety concerns in a restart, it would not surprise me if restart stretches into the next year,” said John Auers, managing director of Refined Fuels Analytics, a division of RBN Energy. “The difficulties of restarting in winter and during the holiday season also complicates things.”
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[faultcode]

Q2: wie zu erwarten gewesen -- recht gut:


...
https://ir.marathonpetroleum.com/investor/news-releases/news…

[faultcode]

Antwort auf Beitrag Nr.: 71.792.207 von faultcode am 15.06.22 22:27:28

die Antwort der Industrie: https://de.scribd.com/document/578446086/Letter-to-President…

=>
...

...

[faultcode]

hier eine Kopie des Biden-Briefes an die U.S.-Ölindustrie (hier CEO Woods von Exxon): https://twitter.com/JavierBlas/status/1537014456839983106






=> die meisten Verlierer heute im SP500 sind Ölfirmen:


https://www.finanzen.net/index/s&p_500/topflop


Witzigerweise sind auch Ausrüster dabei zu finden, die bei einer Kapazitätsausweitung mehr Geschäft hätten => das Ganze macht so gesehen hinten und vorne keinen Sinn


Joe's eigene Behörde (U.S. Energy Information Administration, EIA) schrieb am 8.7.2021 dazu:

In 2020, the pandemic contributed to a substantial decrease in demand for motor fuels and refined petroleum products, which put downward pressure on refinery margins and made market conditions more challenging for refinery operators. In addition to challenging market conditions, increasing market interest in renewable diesel production and pre-existing plans to scale down or reconfigure petroleum refineries all contributed to the closing of a handful of refineries in 2020.
https://www.eia.gov/todayinenergy/detail.php?id=48636


=> wollte Joe Biden nicht sowieso die "erneuerbaren Energien" fördern?

[faultcode]

PSX, DINO und MPC heute mit neuem Jahreshoch:

[faultcode]

13.5.
The US Can't Make Enough Fuel and There's No Fix in Sight
https://www.bnnbloomberg.ca/the-us-can-t-make-enough-fuel-an…
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As for selling those assets to someone who could ramp up production, no one’s buying — even as industry players are sitting on massive piles of cash. “We feel we’ve got higher returns, better uses for the capital to employ than buying a refinery that’s on the market at this point in time,” Valero Chief Executive Officer Joe Gorder said in a conference call with analysts in late April.

To be sure, there could be some small-scale relief ahead. US refiners ran at 90% last week, and that percentage will increase as seasonal maintenance wraps up this month. Some units can then even run 10% or 20% beyond their nameplate capacity to maximize production in the short term. But that’s a rate that can’t be sustained without risking damage. A few refineries are also focusing on debottlenecking or even adding new units inside existing facilities to boost capacity, though it’s a drop in the bucket volumewise compared to the total already lost — and it won’t come until 2023 or 2024.

In short, “too much refining capacity was closed during the pandemic,” Bloomberg Intelligence’s Valle said. “Diesel shortages and the price surge are likely here to stay.”

[faultcode]

21.2.
Marathon’s Huge Louisiana Refinery Rocked by Explosion, Fire
https://finance.yahoo.com/news/marathon-huge-louisiana-oil-r…
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Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.

The company’s Garyville, Louisiana, plant is one of the nation’s largest and a key supplier of gasoline, diesel and other fuels. Marathon said five people were injured. The blaze that started around 9:30 a.m. local time was declared extinguished about 4 1/2 hours later.

The fire occurred in a hydrocracker, according to a person familiar with the operation, a crucial price of equipment that breaks heavy petroleum molecules down into lighter products such as diesel.

If any damages are significant enough to halt production at the Garyville complex, regional fuel supplies may be stretched.
...

[faultcode]

Antwort auf Beitrag Nr.: 69.791.625 von faultcode am 03.11.21 14:28:25

Zitat von faultcode: ...Die Preise für NatGas belasten auch hier....

in den USA ist NatGas mittlerweile ein gutes Stück wieder zurückgekommen.

=> und durch:

[faultcode]

MPC mit mMn gefälligem Q3-Ergebnis. Post-Krise mit höchstem oper. Ergebnis aus fortgeführten Geschäften:



Die Preise für NatGas belasten auch hier.


Daß es beim Speedway-Verkauf noch zu rechtlichen Komplikationen mit der US-Regierung kommen könnte (Beitrag Nr. 20), scheint kein Thema in der Q3-Präsentation zu sein (ich habe das CC-Transkript aber nicht gelesen):




ansonsten:

[faultcode]

MPC vor dem Durchbruch?

[faultcode]

die Biden-Administration hat einen Schuldigen für zu hohe Inflation gefunden:


https://twitter.com/business/status/1432346393432166407

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FTC Chair Lina Khan is directing staff to identify new legal theories to challenge retail fuel station mergers and investigate possible collusion by national chains to push up prices, she said in an Aug. 25 letter to White House economic adviser Brian Deese obtained by Bloomberg.
...

[faultcode]

4.8.
Marathon Petroleum Corporation Q2 adjusted earnings Beat Estimates
https://markets.businessinsider.com/news/stocks/marathon-pet…
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• Earnings: $965 million in Q2 vs. $575 million in the same period last year.

• EPS: $0.46 in Q2 vs. -$0.28 in the same period last year.

• Excluding items, Marathon Petroleum Corporation reported adjusted earnings of $437 million or $0.67 per share for the period.
• Analysts projected $0.53 per share

• Revenue: $29.83 billion in Q2 vs. $12.3 billion in the same period last year.

[faultcode]

Independent oil refiners: and the winner is..

Marathon Petroleum Corporation


"vor Corona" versus "nach Corona":



das ist keine Total return-Vergleich, sondern nur mit Hilfe der Adjusted close-Preise gemacht; nicht perfekt, aber immerhin

[faultcode]

Antwort auf Beitrag Nr.: 68.044.355 von faultcode am 04.05.21 13:22:43

Speedway

14.5.
https://www.ftc.gov/news-events/press-releases/2021/05/state…

[faultcode]

Antwort auf Beitrag Nr.: 68.044.355 von faultcode am 04.05.21 13:22:43

MPC rockt sie alle:

--> neues 52-Wochen-Hoch:


(kein total return)

[faultcode]

Antwort auf Beitrag Nr.: 67.275.516 von faultcode am 03.03.21 00:45:51

FINDLAY, Ohio, May 4, 2021 /PRNewswire/ --

• Reported first-quarter loss of $242 million, or $(0.37) per diluted share, which includes pre-tax charges of $70 million; reported adjusted loss of $132 million, or $(0.20) per diluted share
• Reported adjusted EBITDA of $1.6 billion, driven by refining margin recovery, stability of midstream business, and continued focus to lower the overall cost structure
• Progressing renewables portfolio with final investment decision for Martinez conversion
• $21 billion Speedway sale close to completion
...
https://ir.marathonpetroleum.com/investor/news-releases/news…

[faultcode]

Texas wieder auf!


https://breaking911.com/texas-reopens-100/


MPC in TX:
• Galveston Bay Refinery
• El Paso Refinery
(neben anderen Standorten natürlich)


=> diese Maßnahme setzt andere Staaten nun unter Druck mMn
(das soll keine Wertung sein, ob sinnvoll oder nicht. Aber so ist die Welt.)

[faultcode]

China investiert immer noch massiv in den Ausbau ihrer Raffinerie-Kapaiztät:



7.10.
China’s Building Mega Refineries Just as Fuel Demand Stalls
https://www.msn.com/en-us/money/markets/chinas-building-new-…
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China is investing tens of billions of dollars in new mega-refineries even as its fuel demand is expected to peak within five years, raising the risk it will flood the region with cheap exports.

At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019.

All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap consumption.
...

[faultcode]

Antwort auf Beitrag Nr.: 65.251.231 von faultcode am 01.10.20 13:55:04

16.10.
SEC fines Andeavor $20 mln for inadequate controls over stock buyback plan
https://finance.yahoo.com/news/sec-fines-andeavor-20-mln-224…
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U.S. refiner Andeavor LLC agreed to pay $20 million in penalties to the Securities and Exchange Commission (SEC) for inadequate controls over a stock buyback plan it executed while it was in talks to be bought by Marathon Petroleum Corp in 2018.

The securities regulator said on Thursday that Andeavor's chief executive officer had directed its finance chief to initiate a $250 million stock buyback two days before the two companies were set to resume talks about a potential deal.

Andeavor's internal accounting controls failed to make sure the buyback adhered to a company policy prohibiting repurchases while it held material non-public information, the order said.

The refiner repurchased 2.6 million shares of its stock from investors at an average price of $97 per share in February and March of 2018, a month after which the two companies agreed to a deal valuing Andeavor at more than $150 per share....

[faultcode]

Antwort auf Beitrag Nr.: 64.735.657 von faultcode am 12.08.20 14:16:03

1.10.
U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic
https://finance.yahoo.com/news/u-oil-refiner-marathon-petrol…
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Marathon Petroleum Corp, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday.

Refiners and oil producers have been dismissing staff, slashing spending and reducing production to cope with weak prices and a global glut of fuel. U.S. gasoline futures are down 26% from a year ago and oil is trading down a third from where it began the year.

Marathon will incur an up to $175 million charge to third quarter earnings for the 2,050 job cuts, it reported to the U.S. Securities and Exchange Commission. About 20% of the charge will be recouped from its publicly traded pipeline unit, the company said.

The Findlay, Ohio, firm disclosed the workforce cuts after Reuters on Tuesday reported employees across the company had been notified of impending layoffs.

The cuts includes staff at its Martinez, California, and Gallup, New Mexico refineries, which in July were designated to close. The shutdowns and job cuts will lower overall costs beginning next year, Marathon said in a statement.

Employees of its retail gasoline business are not included in the 12% reduction. Marathon in August agreed to sell its Speedway unit to Japan's Seven & i Holdings Co Ltd, a deal expected to close next year.

Red ink and job cuts are expected across the oil industry as results start rolling out next month. U.S. refiners typically gear up for winter heating oil demand after summer driving season ends. This year, heating oil and gasoline consumption are both depressed.

"The pandemic has resulted in near-record lows on diesel margins, the go-to product for refineries as we enter into the winter heating season," said Andrew Lipow, president of consultancy Lipow Oil Associates.

"The glut in refining capacity has forced these downstream companies into layoffs," he said.
...

[faultcode]

ich gehe davon aus, daß das nicht nur für MPC unter den Refinern gilt, aber hier womöglich ganz besonders:

11.8.
Marathon Poised for $1.1 Billion Tax Refund From Coronavirus Aid
https://finance.yahoo.com/news/marathon-poised-1-1-billion-1…
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Marathon Petroleum Corp. is poised to claim a $1.1 billion tax refund thanks to the coronavirus stimulus law enacted in March.

That measure included a tax provision that allows companies to immediately deduct net operating losses and apply them to previous returns for five years from 2018, 2019 and 2020 -- instead of only applying those deductions to future years. The benefit is supercharged because deductions taken before the 2017 tax overhaul can be claimed at the 35% corporate tax rate instead of the current 21%.

Companies across the spectrum, including retailers and renewable-energy developers are taking advantage of the net operating loss provisions in the March stimulus law to claim multimillion-dollar refunds. But it is a particular benefit to oil companies that raked in record profits in 2018, only to be battered by this spring’s crash in crude prices and demand. Oil industry advocates stress that companies would much rather be scoring profits than claiming losses.

Marathon anticipates net operating losses this year and expects to carry those back, allowing it to also take advantage of the higher, 35% corporate tax rate in the process, Chief Financial Officer Don Templin told analysts and investors Aug. 3 on a conference call.


Planned Timing

“We think that’s a good thing for MPC,” Templin said. “Our plan would be that we would work on getting our 2020 tax return filed as quickly as we could in 2021 to be able to effect that NOL carryback and the refund that would be associated with that.”

The Findlay, Ohio-based oil refiner previously estimated it would claim $411 million by being able to carry current losses to years in which the tax rate was 35%. It revised that calculation to $309 million in the second quarter, said Marathon spokesman Jamal Kheiry.

Even without the stimulus law change, Marathon would have recorded an estimated $791 million net operating loss tax benefit, Kheiry said. It just would have been monetized in the future at a 21% deferred tax rate.

Like other oil companies, Marathon has been battered by an epic downturn in fuel demand tied to the coronavirus pandemic, as states ordered businesses to halt operations and travel plummeted.
...




https://stockrow.com/MPC/snapshots/income

[faultcode]

1.8.
Marathon Petroleum to permanently close two U.S. oil refineries
https://ca.finance.yahoo.com/news/marathon-petroleum-permane…
...
Marathon Petroleum <MPC.N> plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand.

The largest U.S. refiner by volume had earlier idled the two facilities following weak demand due to COVID-19 outbreaks in the United States. U.S. refiners on average idled about 20% of total processing capacity on falling vehicle and air travel.

Marathon said it plans to use the Martinez facility as an oil-storage facility and is evaluating its future use to produce renewable diesel, a fuel made from industry waste and used cooking oil. Martinez is California's fourth largest refinery.

The company on Monday is forecast to swing to a second-quarter loss of $1.75 per share, from a $1.73 per share profit a year ago, according to Refinitiv data.

...
Marathon spokesman Sid Barth declined further comment about the closures on Saturday.

About 860 employees work at the 161,000 barrel per day (bpd) Martinez and 27,000-bpd Gallup refineries. "Most jobs at these refineries will no longer be necessary, and we expect to begin a phased reduction of staffing levels" in October, the company said.

The closings are not anticipated to result in supply disruptions. "We will continue to utilize our integrated system to meet customer commitments," the company said in a statement on its website.
...